Latin America Mining News

Vancouver junior mining pump-and-dump scheme exposed

Volkmar Guido Hable, ex Samaranta Mining CEO, will be hauled before a BC Securities Commission panel later this month.

Canadian Wealth Minerals to acquire Chile’s Laguna Verde lithium project

The project, known as Laguna Verde, is located in the country’s north, known for its vast salt flats under which experts say there is enough of the commodity to supply the world for decades.

Vale to sell fertilizer business to Mosaic for $2.5 billion

Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.

Vale opens largest iron ore mine in its history

Commercial production starts in January, with a ramp-up to 90 million tonnes per annum by 2020

Brazil police steps up efforts to find mining royalty corruption ring members

Prominent local evangelical pastor among the latest public figures being interrogated.

Eldorado CEO Paul Wright retires, Goldcorp's George Burns takes over

Wright, who joined Eldorado in 1996 and has held several management positions prior to becoming its president and CEO in 1999, will be the company's new chairman.

State of emergency declared in Ecuador after clash at copper mine

A clash between local indigenous peoples and police at a mine in Ecuador has forced a state of emergency.

Ecuador signs key deal with Lundin on Fruta del Norte gold mine

The project, discovered in 2006, is one of the world’s biggest recent gold findings, with reserves estimated at about 4.8 million ounces of gold and 6.3 million ounces of silver.

Newmont facing up to $1.2B impairment charge due to upcoming Yanacocha closure 

As every mining company knows, closing a mine can be costly, especially one the size of Newmont's (NYSE:NEM) Yanacocha in Peru.

Colombia: Golden future, difficult reality

I came to Colombia primarily to answer one question: this country may offer immense mineral potential but is it a good place to spend some investment dollars?

Copper producers feel the Trump bump

Prices are shooting up, but can multibillion-dollar projects be saved?

BSGR to file multi-billion lawsuit against Rio over Simandou

BSGR will sue Rio Tinto in the English High Court to recover losses allegedly caused by Rio's actions, which run to several billions of dollars.

Brazil grants operating license to Vale’s massive S11D iron ore mine

Mine is set to start operations by the end of the year, with first shipment set for January 2017.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

MMG’s Las Bambas copper mine forced to file new environmental plan

The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Win for Barrick's giant South America gold project

Top gold producer's plans to revive giant Pascua Lama gold-silver-copper project on course after Chile rejects community attempts to block revisions.

Barrick Gold brings in new director to regain strength in Latin America

The gold producer said the region will play an increasingly important role in its growth strategy.

Chinese-Korean group to build $2 billion lithium batteries plant in Chile

Based on the conglomerate's estimates, opening such plant would increase value of the product 35 times, comparing to what it could be obtained by just selling it as lithium carbonate.

Brazil Resources is now GoldMining Inc.

Board of directors has approved the change effective December 6, 2016, in order to better reflect the company's existing business.

Copper price: Warnings over US trade with China, Mexico

Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.

Lundin shares bounce on payout, guidance

Following $1.1 billion Congo mine sale Toronto-based copper-zinc miner announces inaugural dividend and strong operational forecast.

Gemfields postpones emerald auction over India's ‘demonetization’

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

Canada’s Zonte sues Colombia authorities over gold permit rejection

The junior miner claims the mining authority did not process its exploration application in accordance with the country’s mining code.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.